Friday, 11 November 2011

SDA Bocconi MBA Alumnus on the Executive Board of the ECB

Jörg Asmussen, originally from Germany, came to Italy to attend the SDA Bocconi Master in Business Administration taught in English during 1991-1992. He will take office on the European Central Bank Board on 1 January 2012.

The European Council has recently officially named the German national Jörg Asmussen, an alumnus of the SDA Bocconi MBA, a member of the Executive Board of the European Central Bank (ECB), substituting the resigning Jürgen Stark. Asmussen will take office on 1 January 2012. Jörg Asmussen attended the English version of the SDA Bocconi MBA during the 1991-1992 academic year.

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The Executive Board of the ECB, made up of the President and Vice President of the Bank and 4 other members, has the responsibility of "preparing Governing Council meetings," says the ECB website, in addition to "implementing monetary policy for the euro area in accordance with the guidelines specified and decisions taken by the Governing Council and giving the necessary instructions to the euro area NCBs, managing the day-to-day business of the ECB and exercising certain powers delegated to it by the Governing Council."